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Inspira Technologies Signs a Strategic Agreement With Waas Group

By Sam Boughedda AiVIF.com — Medical device maker Inspira Technologies Oxy BHN Ltd (NASDAQ:IINN) announced Tuesday that it has signed an exclusive distribution agreement with...
Inspira Technologies Signs a Strategic Agreement With Waas Group

By Sam Boughedda

AiVIF.com — Medical device maker Inspira Technologies Oxy BHN Ltd (NASDAQ:IINN) announced Tuesday that it has signed an exclusive distribution agreement with Anita Técnica S.L. (WAAS Group).

WAAS Group is a distributor and technical service provider of medical equipment and supplies in Spain.

The news sent Inspira shares flying over 200%, to $7.50 -- an all time high for the stock since its initial public offering in July.

The agreement has an initial seven-year term and will see the companies collaborate on the marketing and deployment of the ART device, a respiratory support system designed to treat deteriorating respiratory failure patients while they are awake and breathing. 

Inspira said the device has the potential to reduce the need for mechanical ventilation across Spain and Portugal.

As part of the deal, WAAS Group is committed to purchasing a minimum of 1040 ART devices and 35,360 disposable units within seven years. 

"Portugal and Spain are important markets in Europe that have extensive experience operating extracorporeal technologies. We see this as an advantage in ensuring the rapid penetration and adoption of our innovative ART device by the local medical community," said Joe Hayon, Inspira Technologies' Co-Founder, President and Chief Financial Officer.

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04-12-2021 05:08:08 (UTC+7)

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 EUR/USD1.1316↑ Buy
 GBP/USD1.3239↑ Buy
 USD/JPY112.82Sell
 AUD/USD0.6998↑ Sell
 USD/CAD1.2846Neutral
 EUR/JPY127.66↑ Buy
 EUR/CHF1.0385↑ Buy
 Gold1,784.15↑ Sell
 Silver22.562↑ Buy
 Copper4.2725↑ Sell
 Crude Oil WTI66.27↑ Sell
 Brent Oil69.91↑ Sell
 Natural Gas4.095Sell
 US Coffee C242.40↑ Sell
 Euro Stoxx 504,080.15↑ Buy
 S&P 5004,538.43↑ Buy
 DAX15,169.98↑ Buy
 FTSE 1007,122.32↑ Buy
 Hang Seng23,766.69↑ Buy
 Small Cap 20002,150.30Neutral
 IBEX 358,241.70↑ Buy
 BASF58.240↑ Sell
 Bayer44.20Sell
 Allianz197.02↑ Sell
 Adidas247.82Neutral
 Lufthansa5.687Sell
 Siemens AG146.30↑ Sell
 Deutsche Bank AG10.740↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,020/ 6,070
(0/ 0) # 1,177
SJC HCM6,040/ 6,110
(25/ 25) # 1,182
SJC Hanoi6,040/ 6,112
(25/ 25) # 1,184
SJC Danang6,040/ 6,112
(25/ 25) # 1,184
SJC Nhatrang6,040/ 6,112
(25/ 25) # 1,184
SJC Cantho6,040/ 6,112
(25/ 25) # 1,184
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